Media stories about Signet Jewelers (NYSE:SIG) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Signet Jewelers earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.8500873195585 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Signet Jewelers Ltd. (SIG) Position Lessened by Swiss National Bank (americanbankingnews.com)
- Volatile Stock Characteristics – Signet Jewelers Limited (NYSE: SIG) – Stocks Pen (stockspen.com)
- Here’s What Day Traders Should Know – Signet Jewelers Limited (NYSE: SIG) – Alpha Beta Stock (alphabetastock.com)
- What is mean by Low Beta Stock?: Signet Jewelers Limited (SIG) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Signet Jewelers Ltd. (SIG) Stake Raised by Arrowstreet Capital Limited Partnership (americanbankingnews.com)
Several research analysts have recently issued reports on the company. Wells Fargo & Co set a $52.00 price target on Signet Jewelers and gave the stock a “hold” rating in a research note on Thursday, January 11th. Cowen set a $54.00 price target on Signet Jewelers and gave the stock a “hold” rating in a research note on Saturday, November 25th. Zacks Investment Research raised Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Needham & Company LLC set a $60.00 price target on Signet Jewelers and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Susquehanna Bancshares assumed coverage on Signet Jewelers in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $64.67.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, February 1st. This represents a $1.24 annualized dividend and a yield of 2.47%. Signet Jewelers’s dividend payout ratio is currently 21.53%.
In other news, insider Oded Edelman bought 90,398 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was acquired at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the purchase, the insider now directly owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.52% of the company’s stock.
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About Signet Jewelers
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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